Volume. 12231

Britain closes bank accounts belonging to Iranians: report
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c_330_235_16777215_0___images_stories_edim_02_br4(199).jpgTEHRAN – The Independent newspaper reported on Tuesday that a number of British banks have closed the accounts belonging to their Iranian clients in the UK.
According to the report, the banks have sent letters to their customers with Iranian links and informed them that their accounts would be closed, citing “compliance” with internal regulations concerning payments to and from sanctioned countries.
Emma Nawaz, managing director at Blackstone Solicitors, a law firm which is representing a number of Iranian clients in disputes with high street banks, argues that many account closures breach the Equality Act. “We argue this is a case of discrimination and ethnic profiling that is widespread across high street banks as a result of the large fines imposed on a number of banks in recent years,” she said.

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